Morgan Stanley lowers climate target, warns on sluggish transition 28/10/2024

Morgan Stanley has lowered its expectations for cutting emissions from its corporate lending portfolio as the world is moving too slowly to a greener economy, the bank's chief sustainability officer told Reuters. ...more

Brazil fines meat packers $64 million for buying cattle from deforested Amazon land 28/10/2024

Brazil's environmental protection agency IBAMA has imposed 365 million reais ($64 million) in fines on cattle ranches and meat packers, including the world's largest JBS SA (JBSS3.SA), for raising or buying cattle on illegally deforested land in the Amazon. ...more

28th IRENA Council Convenes in Abu Dhabi Ahead of COP29 25/10/2024

The two-day meeting brings together over 350 government representatives from 119 countries to discuss IRENA's work, assess global progress following COP28, and explore strategies to mobilise energy transition finance ...more

Biodiversity declining even faster in ‘protected’ areas, scientists warn Cop16 25/10/2024

Biodiversity is declining more quickly within key protected areas than outside them, according to research that scientists say is a “wake-up call” to global leaders discussing how to stop nature loss at the UN’s Cop16 talks in Colombia. ...more

Netherlands to miss 2030 climate goal without further action, adviser says 25/10/2024

The Netherlands will miss its main 2030 climate goal unless it takes more action to reduce greenhouse gas emissions, government climate policy adviser PBL said on Thursday. ...more

Pollution-free environment a 'fundamental right', India's top court says 25/10/2024

Living in a pollution-free environment is a fundamental right, India's Supreme Court said on Wednesday as it urged authorities to address deteriorating air quality in the north of the country. ...more

Brazil launches platform to attract foreign investment for climate and ecological projects 25/10/2024

Brazil's government launched a climate and ecological transformation investment platform in Washington on Wednesday, named BIP, aimed at mobilizing international capital with an initial target of $10.8 billion. ...more

Explainer: UN nature talks debate rules for genetic information. What does that mean? 24/10/2024

Countries are expected to reach a deal at this month's U.N. COP16 nature summit on how the world uses and pays for genetic information extracted from nature, according to negotiators. ...more

US grants $428 million to clean energy projects in communities that relied on coal 24/10/2024

The U.S. on Tuesday announced $428 million in grants to build or expand battery manufacturing and recycling plants and other clean energy manufacturing in communities that have been hit hard by recent closures of coal mines and power plants. ...more

Finance guide could spur extra $200 billion for sustainable development, JPMorgan says 24/10/2024

A new guide for countries and companies seeking financing for activities that have a positive and verifiable social or environmental impact could unlock an extra $200 billion a year for sustainable development, a JPMorgan (JPM.N) executive told Reuters. ...more